 Hi, good morning. Hi. Good morning and welcome to today's products in focus So we had the opening of China after a four-day long weekend over in that part of the world And it's obviously a live day weekend in the US as well Even though China has drifted a little bit lower. There has been some updates from the local government there about Extra support they may be providing to prop up the stock market, etc. So most global equity markets actually up a little bit higher this morning as you can see after the volatility the last couple of weeks We're still far away from the from the negative move that we had there on Friday We're probably looking at the tip around about here about 16 541 of the of this kind of graveyard doji formation Usually that proceeds a little bit of extra downwards pressure But we're just waiting for the FOMC now later on this month to get them an idea You know if the US is going to raise rates or not and non farm perils obviously came out on Friday 171 is slightly less than than expected But obviously people now are like not so sure about are they gonna raise rates and not gonna raise rates especially after the extreme volatility They've had in China But hopefully we begin to see a little bit more stabilization right there So even though we have seen a move up here in the US markets I can see that the Germany 30 the UK on the hundreds of only just recently started to tick up late on in the Chinese sessions The Chinese sessions were almost coming to an end if not already So we've still got a full day of action ahead of us. So that's currently where we're sitting with the US 30 Moving on to the UK 100 You can see if 2073 is in fact still a potential support slash resistance level and certainly looks like it had been up and We had this break break through it there on Friday, but we've had a bounce this morning actually opening pretty much bang on 60 73 75 and we're at the top end of the range almost a bullish cross on the On the Mac D and the other technicals are still relatively neutral We're miles away from where the moving averages are right now, but it could be that 20 73 a 60 73 Sorry, it could be a potential base So moving on to Japan to do five again bouncing off 17 496 potential support there and this has been a support level that's been in play for quite some time But certainly looks like if you look at it yesterday and again today could be a tweezer bottom right here with 18306 the next potential resistance But we're already away from the session lows But then China is off the lows for the day as well So you see that goes looking at dollar yen in fact a couple weeks back I am was at 124 now we're below when they were at 119 So that yen strength people buy and save haven't yet and people are winding US dollar positions because of question marks over Their next century a hike that will be adding a lot of pressure to Japan to do five That's a very steep drop that we've had there that probably 20,000 yeah, almost almost 10% drop right there. So moving on then to dollar yen Oh, sorry, it's good news You can see exactly for that extreme volatility has come so that was like two weeks last Monday We had a move right back up to 121. It's been pushed right by it down again Certainly looks like we could be starting to play in between these two ranges of 119 to let's say 121 spot 90 And then we'll see how that pans out Other technicals are relatively neutral Looking at this from a purely technical perspective obviously it looks like there is pressure here from a tip from a TA perspective But the fundamental factors are very much going to help drive this It's US going to raise rates in September or not And then you know we can obviously highlight these potential support resistance levels But it depends how the US MAC would be it comes out now as well But that's currently where we sit could be range-bound with an onus on the downside if the US MAC would data fails to Stimulate the rest of the market So moving quickly on to West Texas Crude We had gone down all the way down the 3750 jumped I shoot this one of the biggest weekly gains and crud for a long time It was about 16% gain in one week All the way up to about 50 and then it started to come off again there a little bit So we're miles away from the session those Matter of fact crude oil looks a little bit healthier than some of the equity markets to be honest But now at $45 there's a lot further this can still go and that is a new floor in there We actually have to start getting rid of some of these other support levels, but certainly $50 Undoubtedly looks to be a psychological ground number anyway But I am I'm pretty confident that looking at these kind of candle formations right here There is pressure you're making series of lower highs right here and we're below We're on the wrong side of this potential support slash resistance at 45 85 if crude doesn't get his head above there $42 would be the next potential support to look out for So looking at gold You think with all the industry Conundrums going up there that gold would be a lot higher. You can see it spiked up there all the way up until Monday the 24th And ever since the the top peak of that Chinese sell-off actually gold's gonna a little bit reverse Which is kind of strange when you think about the fundamentals That are that are right there, but nevertheless, it's on the wrong side of 1137 right now We've almost got a death cross on the on map I almost got a bull's cross the short term moving average is about to cross a longer term moving average from the bottom So that should be a golden cross But this this these candlestick formations here look a bit ugly to be completely honest I'm quite sure how much bullish momentum we're gonna get right here looking at that, but We will have to start to redraw some of this actually. Let me just get my drawing so You could probably you could probably look at that might as well start getting rid of some of these Some of these levels now as well because they're probably no longer valid We'll probably keep it like that for now. So we're on the wrong side of 1126 these Kind of rebounds here quite close to the 21 pure SMA seem to be good currently we're on the wrong side of that SMA as well So 1126 could be short-term potential sport slash resistance from the wrong side of that right now With any further down was pressure pushing us a little bit further down Towards 1079 That makes us get another Horizontal level on there and that's currently where we sit with gold So finishing up with your dollar and GBP USD. So your dollar obviously been all over the place This is the this is on On that Monday when we have the massive sell-off and the global equity market and ever since then your dollars pretty much reverse complete course So the dollars actually keep being beginning momentum against the euro Which is obviously quite interesting considering where the US dollars can be sitting right now Versus say like the Japanese yen, but nevertheless one spot 11. We've talked about this level a number of times looks to be the potential support again Flattening out the 55 pure SMA as well to slowly getting thinner and thinner other technicals relatively neutral One spot 11 looks to be a pretty critical level for your dollar So keep your eye on that. So looking at cable as well cables have been getting decimated We're all way back down at one spot 51 85 very strong reversal from from that Monday We're at one spot 85 was down with seven seven cents And it's just the last two weeks pretty decent size move But looking at this right here We do look like we're having a bit of a short-term bounce of one spot 51 85 nothing too too strenuous of that powerful But that's currently where we are sitting Economic data wise not a huge amount out today. Do you have German industrial production? At seven and if we do then I might first word that's already come out that came out slightly worse And I expect everybody's expected to forecast a one came in at 0.7 So it's not so good for the euro and we fast forward on to Tuesday looks to be we've got Chinese trade balance data People will be looking that as a three in the morning UK time And we'll be finishing up our macro data with a 10 a.m. GDP figure for the eurozone and then if we then look on Wednesday, not a huge amount on Wednesday Thursday More Chinese data CPI data again, that'll be quickly watched and we've got the Bank of England MPC minutes and Industry announcement, which that's pretty much expected to stay the same And then you can finish up Wednesday there with your employment data from the US at 1 30 and then obviously the crude oil Inventory days, it's crude oil Wednesday that day so make sure you don't get a chance to miss that and join me again tomorrow to find out What happened next?